Transactions means over three-quarters of the UKRF’s pensioner longevity risk is now hedged
The Barclays Bank UK Retirement Fund (Barclays UKRF) has integrated ESG factors and climate risk into a £1.3bn diversified growth fund (DGF) portfolio used for its defined contribution (DC) scheme.
The Barclays Bank UK Retirement Fund has completed a £5bn longevity swap with Reinsurance Group of America (RGA).
Barclays has received final approval for its ring-fencing plans, which controversially involve moving its DB scheme to its investment banking division. Stephanie Baxter considers the judgment